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Dec 18, 2012
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and come up with a balanced plan to avoid the fiscal cliff of mandatory tax increases and spending cuts. turns out the republicans were probably going to be apprehensive about it, but mr. boehner went into the meeting with alternative. he is concerned about the calendar. so far inability to break the jog lam on a real deal here. the distance between the two sides. as a consequence he told his members he has got a plan b. i want to read remarks we know he is saying behind closed doors to his fellow republicans. he will say or has said, quote, for weeks senate republicans and a growing number of you, meaning house republicans have been pushing for us to pivot to a plan b i think there is better way but the white house can't seem to bring to a balanced approach and time is running short. taxes are going up on everyone january 1st. they are baked into current law and we have to stop whatever rate increase we can in the absence of alternative this morning, this morning a modified plan b is the plan. that plan b boehner is proposing to house republicans could would be vote in the house to ext
and come up with a balanced plan to avoid the fiscal cliff of mandatory tax increases and spending cuts. turns out the republicans were probably going to be apprehensive about it, but mr. boehner went into the meeting with alternative. he is concerned about the calendar. so far inability to break the jog lam on a real deal here. the distance between the two sides. as a consequence he told his members he has got a plan b. i want to read remarks we know he is saying behind closed doors to his...
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Nov 30, 2012
11/12
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spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. >> perhaps most su prirprising the white house proposal to get the president just about unlimited power to raise the nation's debt sealiceiling and w more and more money unless they reject. these will be tough negotiations ahead. we got a little sample of this yesterday from senate majority leader talki
spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending...
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Dec 7, 2012
12/12
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i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >> that it's a really, really bad idea to raise taxes. if you want your economy to grow, you should do the opposite. we have to cut taxes. that's how i'd fix the economy. leave more money in the private sector. the president is adamant about raising taxes and he's dead wrong. >> there are some people saying we need a deal to avoid a huge tax increase but year end that would throw us into recession. just a thought, would you compromise in terms of let's say a smaller tax rate increase -- let's say the top rate goes to 37% instead of 40%, maybe the threshold goads es to $500,000 $750,000 rather than $250,000? does that interest you? >> no. but what about means testing for entitlement. why don't we say the rich get less social security and they pay more for their medicare? it meets the president's animus that we must get more money out of the rich. let's just send less
i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >> that it's a really, really bad idea to raise taxes. if you want your economy to grow, you should do the opposite. we have to cut taxes. that's how i'd fix the economy. leave more money in the private sector. the president is adamant about raising taxes and he's dead wrong....
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Dec 1, 2012
12/12
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. >> we're now a month away from the so called fiscal cliff. a drastic combination of mandatory spending cuts and tax hikes that could plunge the united states back into a recession. while there are plenty of hard w0rds from both sides, some terms of a possible zeal are making the rounds. kate bolduan has been following the back and fourth. >> don't get too excited about that, there's only one way to avoid the fiscal cliff. spending cuts and tax hikes. house republicans and president obama need to strike a deal on reducing the national debt. they have soundly rejected a white house offer that included $1.6 trillion in revenue, $400 billion in medicare and other entitlement savings, as well as a permanent increase in the debt limit among other things. so far, the rhetoric has not softened. treasury secretary tim geithner arriving on capitol hill for high level talks, most notably with house speaker john boehner. >> good morning, everyone. >> how did it go? just listen. >> despite the claims that the president supports a balanced approach, the de
. >> we're now a month away from the so called fiscal cliff. a drastic combination of mandatory spending cuts and tax hikes that could plunge the united states back into a recession. while there are plenty of hard w0rds from both sides, some terms of a possible zeal are making the rounds. kate bolduan has been following the back and fourth. >> don't get too excited about that, there's only one way to avoid the fiscal cliff. spending cuts and tax hikes. house republicans and...
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Dec 6, 2012
12/12
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are you expecting the economy to go over the fiscal cliff and see these taxes go high hadder and spending cuts take effect? >> my personal view is i'm still optimistic. i think the conversation has been constructive since. do we have a solution on the table yet? no. but i'm optimistic we'll get to a framework. >> why? >> there's been enough dialogue. there's been movement. everyone seems to recognize the problem. everybody realizes there has to be a revenue component, spend component, entitlement reform component. for us, the business community and all the ceos, certainty is the greatest stimulus for us. >> do you support tax rates going higher? >> me personally, as an individual, more importantly the business community, which i'm part of. we support something inclusive. if rates were higher in a videocasset vacuum, i'm not sure we'd be supportive of that. we have to make sure the consumers, those who spends a lot of the dollars, the middle class, are protected in this exercise. >> i guess the question i'm really getting at is, do you get the revenue from tax increases or from broadening
are you expecting the economy to go over the fiscal cliff and see these taxes go high hadder and spending cuts take effect? >> my personal view is i'm still optimistic. i think the conversation has been constructive since. do we have a solution on the table yet? no. but i'm optimistic we'll get to a framework. >> why? >> there's been enough dialogue. there's been movement. everyone seems to recognize the problem. everybody realizes there has to be a revenue component, spend...
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Dec 23, 2012
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we saw a drop-off of spending as the fiscal cliff seemed to be more and more real as all the talks fell apart. >> gregg: we are seeing other things. average work weeks in some regions shrinking, online job posting may be declining, think that i was in minnesota and insurance claims are rising? >> they are tough to read the tea leaves but what we are seeing is consumers which is the driving engine of this economy, three-quarters of g.d.p. is consumer spending, we are seeing consumers, we got record traffic but they are not spending. this next couple of days, one more shopping day until christmas, usually about 10% of consumers spend on that day. also looking for the big deals. that is another thing we are sees retailers putting discounts late in the season. that may mean fewer jobs in the future. >> gregg: the question is, as we said, how do we stimulate growth in the higher paying technology and manufacturing sectors? >> first of all before we ring the death bell on manufacturing, u.s. is above china. we are seeing a resurgence of factory jobs, guess where. >> gregg: southeast. >> why.
we saw a drop-off of spending as the fiscal cliff seemed to be more and more real as all the talks fell apart. >> gregg: we are seeing other things. average work weeks in some regions shrinking, online job posting may be declining, think that i was in minnesota and insurance claims are rising? >> they are tough to read the tea leaves but what we are seeing is consumers which is the driving engine of this economy, three-quarters of g.d.p. is consumer spending, we are seeing...
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Dec 7, 2012
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go over the fiscal cliff. take $1.2 trillion out of spending and tax hikes, stops the spending. mandatory spending cuts across the board. you know what? the only way to do it. only way to do it. everything else is chump change. >> dana: how do you deal with deficit reduction if you raise the taxes on a portion of the country that will pay for the government for 8.5 days? >> bob: you couple that with the social security adjustments and medicare. 'canes that is not what geithner put on the table. >> dana: that is going to be on -- >> bob: that is what is going to be on the table. >> dana: republicans held their feet on the fire. >> bob: whatever it took. >> greg: i used to think howard dean was a proctologist because he had his head up his butt but he pulled the curtain back. it's never about raising taxes on the rich because you run out of rich. >> andrea: right. >> greg: that is the point. >> eric: raise tax on everyone who pays taxes or everyone? everyone means the poor and 47% will start paying. >> greg: if you raise taxes up 2%, eight days of government? >> andrea: the dirty
go over the fiscal cliff. take $1.2 trillion out of spending and tax hikes, stops the spending. mandatory spending cuts across the board. you know what? the only way to do it. only way to do it. everything else is chump change. >> dana: how do you deal with deficit reduction if you raise the taxes on a portion of the country that will pay for the government for 8.5 days? >> bob: you couple that with the social security adjustments and medicare. 'canes that is not what geithner put...
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Dec 28, 2012
12/12
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cliff. >> spending cuts this is based on good intentions, a framework or agree to agree to spending cuts down the road and this is the criticism that historically, sort of ad nauseam, that there are those good intentions that never through. >> all of the republicans will hear grover norquist recite over and over, every time they promise spending cuts in exchange for tax hikes, the tax hikes came, the spending cuts never came. >> and how long will the road be in terms of what the subpoenaing cuts might or might not be? that will prolong the uncertainty in the market. and with the ceo conference call in the 6:00 hour, that should be very interesting. will we feel the effect of this in the first quarter earnings and gdp, other economic data points. >> it puts republican caucus in the house in the position of having to decide whether no deal is better than a bad deal. >> you know, melissa, if i could chime in, one thing, you didn't hear the president talking about the debt ceiling, and the treasury secretary says we'll start running up against the debt ceiling on monday. that's a very c
cliff. >> spending cuts this is based on good intentions, a framework or agree to agree to spending cuts down the road and this is the criticism that historically, sort of ad nauseam, that there are those good intentions that never through. >> all of the republicans will hear grover norquist recite over and over, every time they promise spending cuts in exchange for tax hikes, the tax hikes came, the spending cuts never came. >> and how long will the road be in terms of what...
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Dec 30, 2012
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if we are going to get anything that solves the fiscal cliff, it will have to include spending. we will have to deal with the debt ceiling. we need to focus on spending, as much as we can because it will be the demise of this country. >> eric: congressman, what do you predict will happen? will we have a deal? >> i don't know. we got called into a meeting tonight, in washington, d.c., in fact, i am leaving here to fly to washington right away. the meeting was not supposed to take place until the morning. ordinarily, that means that something is up. you mentioned in the intro to this piece that there is a 3:00 deadline. it may be a testament to the fact that we are up against's deadline. i don't know. i hope we will see something clean and simple in the next 24 to 48 hours. if the president load its up with stim scplus unemployment insurance and delays on the spending cuts, we are going to have a problem. but i am getting more comfortable that we will see something in the next 24 hours. >> eric: we'll see what happens. happy new year, by the way -- if we can have one. nice tie. [c
if we are going to get anything that solves the fiscal cliff, it will have to include spending. we will have to deal with the debt ceiling. we need to focus on spending, as much as we can because it will be the demise of this country. >> eric: congressman, what do you predict will happen? will we have a deal? >> i don't know. we got called into a meeting tonight, in washington, d.c., in fact, i am leaving here to fly to washington right away. the meeting was not supposed to take...
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Dec 13, 2012
12/12
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especially as the fiscal cliff gets closer. jane wells is talking to shoppers in canoga park, california for us. hi, jane. >> hey, sue. it is ugly sweater day. this one lights up. by the way, folks want you to know i did not buy this here. they would never sell such a monstrosity. but does it make you want to jump off the fiscal cliff? do consumers even know what the fiscal cliff is? wul mart says before the election about 25% of its core customers did. now 75% do. is it making any impact? >> 50% of our core customers are saying that all of this debate and discussion will effect their christmas spending this year. >> now nearly everyone we spoke to knows about the fiscal cliff but not everyone thinks about it. >> are you concerned about the fiscal cliff? >> absolutely. absolutely. >> no, i'm not, actually. i think they will fix fiscal cliff and i'm a positive person. >> i don't know how much it really impacts us but it impact the economy so i think we have had a really stressful year with business and health, so we haven't put
especially as the fiscal cliff gets closer. jane wells is talking to shoppers in canoga park, california for us. hi, jane. >> hey, sue. it is ugly sweater day. this one lights up. by the way, folks want you to know i did not buy this here. they would never sell such a monstrosity. but does it make you want to jump off the fiscal cliff? do consumers even know what the fiscal cliff is? wul mart says before the election about 25% of its core customers did. now 75% do. is it making any...
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Dec 17, 2012
12/12
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with two weeks left before year end, the looming fiscal cliff, automatic spending cuts and tax increases set to go into effect, january 1 is stoking concern from washington to wall street. my next guest has been a key figure in the debate. grover norquist president of americans for tax reform. it's good to see you again. thank you for joining us. >> good to be with you, maria. >> since 1986, republicans have been sighing your taxpayer protection pledge. as we get closer to the fiscal cliff scenario, will some of the people who signed on to no new taxes have to concede and agree to revenue increases in the form of higher tax rates? >> well, obviously, the president is trying to drive in that direction. the republicans have some leverage as well. two years ago, obama said he didn't want to hurt the economy, so he didn't want to raise rates on anyone. evidently that his job is secure, he's less interested in everybody else's job, so he is interested in raising top rates, capital gains taxes, subchatter "s" corporation taxes. although that's going to be awfully rough on the economy if he pul
with two weeks left before year end, the looming fiscal cliff, automatic spending cuts and tax increases set to go into effect, january 1 is stoking concern from washington to wall street. my next guest has been a key figure in the debate. grover norquist president of americans for tax reform. it's good to see you again. thank you for joining us. >> good to be with you, maria. >> since 1986, republicans have been sighing your taxpayer protection pledge. as we get closer to the...
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Dec 9, 2012
12/12
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cliff, and he is not interested at all in cutting spending. >> the senate minority leader adds that what the president is interested in is getting as s much taayer money a as he can said that he can spend to his heart's contntent. wiwith hispproval ratings going up and congress' at historic lows, why would t president back down, charles? >> to some extent he is underestimating the dama he woduffer if we e go over the cliff. for suret will hurt republicans in congress, and that is why democrats in congressss are relishing going over theliff. but obama is not running again unlike democrats in the congress. if we go over the cliff and into the recession that cbo has predicted withth a 9% unemployment, that will wreck his second term. i am not sure he has all the cards. republicicans have their backs against the wall, but he may be overplaying his hand. he is pushing for unconditional surrender, and ii am not sure e by republicans will go along unless there is some give from obama. >>>> unconditional surrerender rk? >> i am not sure what the exact policy is. the president has the advant
cliff, and he is not interested at all in cutting spending. >> the senate minority leader adds that what the president is interested in is getting as s much taayer money a as he can said that he can spend to his heart's contntent. wiwith hispproval ratings going up and congress' at historic lows, why would t president back down, charles? >> to some extent he is underestimating the dama he woduffer if we e go over the cliff. for suret will hurt republicans in congress, and that is...
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Dec 11, 2012
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. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to s
. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music...
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Nov 9, 2012
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we've already gone over the fiscal cliff of spending already by this administration. >> congressman garrett, thank you very much. sue? >>> the dow jones industrial average has now moved into negative territory. we are down about ten points on the dow jones industrial average. where's the money going? well, marginally it is going into the gold market. gold prices are closing right now. i think about a $5 gain there. sharon epperson is track being the action at the nymex. >> gold is above $1,730 an ounce right now at a three-week high. again the fiscal fears here in the u.s. are definitely supporting the gold price. we have seen gold perform relatively well this week. in fact, it's probably one of the best performing commodities here at the nymex and we are seeing new buyers coming in to the gold market as well. that's what traders are telling me looking at contracts beyond this year, into 2013. so that is also supportive. copper prices meanwhile are falling even though we got positive data out of china on industrial production. the fears again of the fiscal cliff certainly outweighing what w
we've already gone over the fiscal cliff of spending already by this administration. >> congressman garrett, thank you very much. sue? >>> the dow jones industrial average has now moved into negative territory. we are down about ten points on the dow jones industrial average. where's the money going? well, marginally it is going into the gold market. gold prices are closing right now. i think about a $5 gain there. sharon epperson is track being the action at the nymex. >>...
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Nov 28, 2012
11/12
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cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she said her top three priorities are god, family and yahoo!. we're going to hear more about this. meyer will be meeting with the president as well, the leader this afternoon. google also busy in washington. bloomberg reports larry page, the ceo, has been meeting with federal trade commission as we get this much closer to what many see as antitrust. at question, does google use its search results to strengthen its own business interests. for that and the rest of your news, we'll turn to bertha coombs at cnbc. >> good morning, scott.
cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she...
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Dec 31, 2012
12/12
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the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff....
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Dec 11, 2012
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. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and
. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is...
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Dec 14, 2012
12/12
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. >> i'm fine with that we spend a lot of money on the military. >> define the fiscal cliff for me. >> imaginary cliff somewhere in my mind that we are all going to jump off of. >> you mean the end of the world type of thing? >> well, not really. [ laughter ] ♪ and i fall to pieces. >> president obama and house speaker john boehner represented create this fiscal cliff. if they don't get a long-term budget deal done by january 2nd, 2013, massive automatic spending cuts are triggered. now, do you know what the president's plan is to address this cliff? >> he says he wants to raise taxes on all the rich people. >> every time it comes on the radio, or the news, i turn it off. >> raise taxes on the rich, which i think will fund government for like a week. >> are you worried about your taxes going up. >> no. i actually hope the fiscal cliff happens. >> what? >> push it off the cliff. let's do it. >> do you know who john boehner is. >> no. >> he is a tan guy that cries a lot. >> he cries a lot. >> he cries a lot? >> yes, he does. >> poor thing. >> speaker of the house. >> do you know who j
. >> i'm fine with that we spend a lot of money on the military. >> define the fiscal cliff for me. >> imaginary cliff somewhere in my mind that we are all going to jump off of. >> you mean the end of the world type of thing? >> well, not really. [ laughter ] ♪ and i fall to pieces. >> president obama and house speaker john boehner represented create this fiscal cliff. if they don't get a long-term budget deal done by january 2nd, 2013, massive automatic...
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Nov 30, 2012
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so that means, while america is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and lunching to the tune of $4 million taxpayer dollars. you can't make stuff up. >> kimberly: that sounds good to me. >> dana: the reporters would have complained if they spent 21 days in waco. but 21 in hawaii could be worse. he said let's make sure we get it done before christmas. get it done on december 16, sign it, get out of town. >> eric: $4 million. >> bob: if he was in the bathroom at the white house it would cost $4 million. >> eric: december 17 to january 6. fiscal cliff hits december 31. smack dab in middle of this vacation. he snub hawaii, body surfing. >> kimberly: conduct unbecoming. he said in the last 30 days he got woke up in one debate. other than that, he is kicking it on the "the view." check me out. pinch with a limp. >> brian: i believe he knows it's his economy now. clearly. he goes on vacation. if this is done he is not body surfing. he knows he will be tortured and ongoing katrina. john boehner is frustrated after a closed door meeting w
so that means, while america is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and lunching to the tune of $4 million taxpayer dollars. you can't make stuff up. >> kimberly: that sounds good to me. >> dana: the reporters would have complained if they spent 21 days in waco. but 21 in hawaii could be worse. he said let's make sure we get it done before christmas. get it done on december 16, sign it, get out of town. >> eric: $4...
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Dec 26, 2012
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and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no one seems to be fishing their wish. republicans are working with a weaker hand because they have to do a deal that involves a greater democrat
and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a...
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Dec 25, 2012
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the fiscal cliff fiasco. the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. the answer in tonight "chalk talk" is coming up next you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, tato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. lou: you know, everybody's getting pretty excited about that fiscal cliff negotiation or impasse, however you want to3 style it. mayi want t showu, lou: everybody is getting re ofed about the fiscal clifft, negotiation. i thought i would show you what thuld happen if we change into the spea
the fiscal cliff fiasco. the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. the answer in tonight "chalk talk" is coming up next you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®....
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Dec 21, 2012
12/12
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CSPAN
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the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house. democrats continued to run washington. what the president has proposed so far simply will not do anything to solve our spending problems. he wants more spending and more tax hikes that will hurt our economy. and he simply will not deal honestly with entitlement reform and the big issues facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we will continue to work with colleagues in the house and senate on a plan that protect famili
the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house....
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Dec 31, 2012
12/12
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FOXNEWSW
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cliff and deal with the spending cuts and later this year, not much else, not much time we have to sort of get out of this so they're saying, if they can get something through the senate, fine, but if not, it's up to them, they're waiting for the senate at least as far as the house of representatives. >> harris: our senior producer on capitol hill, often we don't get to see him, i can hear voices behind you and know there are people still on the him and let you get back at it. and if there's breaking news we'll bring you back. >> we think it's going to be pretty dead from this point on. >> harris: 11 a.m. eastern tomorrow is whe expected to pick back up again with official leaders going back to the hill. some new information coming out now about the terror attack in benghazi. according to president obama, the united states has some very good leads on who carried out that deadly assault at the consulate in libya killed four americans, as you know, including our ambassador to libya, christopher stevens. mr. obama remarking on the investigation into what happened during an interview that a
cliff and deal with the spending cuts and later this year, not much else, not much time we have to sort of get out of this so they're saying, if they can get something through the senate, fine, but if not, it's up to them, they're waiting for the senate at least as far as the house of representatives. >> harris: our senior producer on capitol hill, often we don't get to see him, i can hear voices behind you and know there are people still on the him and let you get back at it. and if...
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Dec 10, 2012
12/12
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WJZ
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we'll update the talks on the fiscal cliff. >>> we couldn't see this happening. meant to be a prank call. >> more of the emotional apology from the two australian d.j.s, who pulled a royal prank that ended in the death of a nurse. >>> and she's considered to be the diana ross of mexican music. the tragic plane crash that killed a popular singer. eyewitness news at 4:00 continues with denise after this. you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here and you live way up here. brian, your cousin, he's a little bit older than you he lives here, in chicago. and your aunt lisa lives here in baltimore. uncle earnie? waaay out in hawaii. but don't you worry we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offe
we'll update the talks on the fiscal cliff. >>> we couldn't see this happening. meant to be a prank call. >> more of the emotional apology from the two australian d.j.s, who pulled a royal prank that ended in the death of a nurse. >>> and she's considered to be the diana ross of mexican music. the tragic plane crash that killed a popular singer. eyewitness news at 4:00 continues with denise after this. you know how much grandma wanted to be here for your fist christmas?...
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Dec 25, 2012
12/12
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FBC
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the fiscal cliff fiasco. the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. the answer in tonight "chalk talk" is coming up so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. lou: you know, everybody's getting pretty excited about that fiscal cliff negotiation or impasse, however you want to3 style it. mayi want t showu, lou: everybody is getting re ofed about the fiscal clifft, negotiation. i thought i would show you what thuld happen if we change into the speaker boehner plan, the president obama plan, let's start out with the do-nothing plan because that's the
the fiscal cliff fiasco. the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. the answer in tonight "chalk talk" is coming up so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here....
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Aug 3, 2012
08/12
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CNBC
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you're looking at the election and you know you a fiscal cliff, layoffs and spending programming going a way and tax cuts, and at that point that is the uncertainly there holding businesses back. we have one month of relief here it looks oak even though it's not at the number it should be at, but what's down the road, ahead of the collection, is keeping businesses unable to put heads on the payroll. >> i think they will solve the fiscal cliff crisis after the election before the end of the year. >> i thought it would be before the election. >> it will solve the problem, it won't be pretty, but we'll see the sausage being made. >> but bill, it is enough time? >> of course it's not enough time. >> you have a month and a quarter before the end of the year. >> it's when congress works, they just went on hiatis right now, the farm relief bill -- >> and this drought, i just don't understand what's going on in washington. these guys took a vacation and we have all of these issues. >> it's a year divided by four. the election is coming up in november. the bigger issue is with europe and they h
you're looking at the election and you know you a fiscal cliff, layoffs and spending programming going a way and tax cuts, and at that point that is the uncertainly there holding businesses back. we have one month of relief here it looks oak even though it's not at the number it should be at, but what's down the road, ahead of the collection, is keeping businesses unable to put heads on the payroll. >> i think they will solve the fiscal cliff crisis after the election before the end of...
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Dec 24, 2012
12/12
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. >> talk about the fiscal cliff. the uncertainty to witness ticking down to the end of the year and the, you know, people say that we might be borrowing from the future to think about the paychecks but basically people across the country have to consider the fact that the paychecks might take a hit at the first of the year. >> right. absolutely. hampton was on earlier talking about what will happen to those paychecks in terms of paychecks if we go over the fiscal cliff and a real concern here f. you look at the consumer, ten points lower than in july and for december 72 points. in july, it was 82. so we're seeing the sentiment decline over the last couple of months. also, consumer confidence at the lowest it's been in five months so really seeing that kind of permeate over the last couple of months and especially goins forward and we have also seen some mild weather over the last couple of months so especially in the midwest and the northeast so i think that's going to have something to do with the fact consumers are
. >> talk about the fiscal cliff. the uncertainty to witness ticking down to the end of the year and the, you know, people say that we might be borrowing from the future to think about the paychecks but basically people across the country have to consider the fact that the paychecks might take a hit at the first of the year. >> right. absolutely. hampton was on earlier talking about what will happen to those paychecks in terms of paychecks if we go over the fiscal cliff and a real...
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. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. so much so that he's the guy in the suit, dancing gangnam style with former senator allen simpson. >> i'm keeping up on this baby. >> reporter:
. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes...
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Nov 15, 2012
11/12
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i mean, do we need to go over the fiscal cliff with the four spending cuts and tax hikes to get things moving? >> there are leaders in both parties who think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is. we can win more as democrats if we let it go over. we can win more as republicans. this whole game is about win or lose. it's not about america. it's about how do we make the dems lose and how do we make the republicans lose. people are sick of that, and they're ashamed to have and disgusted. they show that time after time. i can tell you, you can't believe what we've dug up. when you get a vote from dick durbin of illinois and a vote from tom coburn of oklahoma, you get five democrats, five republicans, one independent, 60% of this group that vote for this, you know you're on the right track. >> maria, if we go over this fiscal cliff and don't get a deal immediately, what's the economic effects next year? you know, we've talked about some of the qualitative effects. quantitatively, you know, economic growth will be reduced by about 3%. we'r
i mean, do we need to go over the fiscal cliff with the four spending cuts and tax hikes to get things moving? >> there are leaders in both parties who think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is. we can win more as democrats if we let it go over. we can win more as republicans. this whole game is about win or lose. it's not about america. it's about how do we make the dems lose and how do we make the republicans lose. people are sick of...
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Dec 22, 2012
12/12
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FOXNEWSW
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we appreciate temperature >> we talked a lot about the fiscal cliff. the government spends more than 11 billion every day . you will be shock to see what they spend most of that on. it is a new series called the cost of spending next this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white ristmas [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflamma
we appreciate temperature >> we talked a lot about the fiscal cliff. the government spends more than 11 billion every day . you will be shock to see what they spend most of that on. it is a new series called the cost of spending next this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white ristmas [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the...
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Dec 18, 2012
12/12
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WJZ
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: even though the fiscal cliff deadline is the end of the year, congress still needs time to vote on a deal to avoid taxes going up for all americans and across the board spending cuts. in washington, danielle nottingham, wjz eyewitness news. >> a new cbs news poll shows only about half of all americans believe a deal will be made before the end of the year. >>> police are investigating the thefts of two iphones at the towson town center mall. in both cases police say teens snatched the phones from the hands of victims while they were using them. the suspects then ran into the parking garages. police say people should be aware of their surroundings at all times. z. >>> gas prices are at the lowest level in a year. refineries are back online following superstorm sandy and stockpiles are at an eight- month high. the u.s. is also boosting domestic oil production. in fact, 83% of energy being consumed is from the u.s. here's a look at the prices here in maryland according to aaa right now. we are paying an average of $3.27 a gallon for regular. that's down from $3.41 this time last month
: even though the fiscal cliff deadline is the end of the year, congress still needs time to vote on a deal to avoid taxes going up for all americans and across the board spending cuts. in washington, danielle nottingham, wjz eyewitness news. >> a new cbs news poll shows only about half of all americans believe a deal will be made before the end of the year. >>> police are investigating the thefts of two iphones at the towson town center mall. in both cases police say teens...
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. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holidays is a reminder of something else around the corner. >> i just can't imagine funding being cut at this point. it was be tragic. >> she is worried budget cuts would hurt food safety inspection. that's mattered to her since her twins her born in 1999. she and her babies got listeria poisoning. contaminated food sickens about 48 million a year. 3,000 die. so the fda and usda are charged with protecting the simply. an 8.2 budget cut translates to $157 million. there's no word exactly what cuts would mean to staffing. >> both fda and usda are stretched pretty thin when it comes to the activities they do. they need increased resources and not fewer. >> agencies always say they're stretched. >> dean clancy is with freedom works and says the cuts leave nothing to fear. >> arguing that getting spending under control endangers public health and safety is a really irresponsible scare tactic. especially when you re
. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holidays is a reminder of something else around the corner. >> i just can't imagine funding being cut at this point. it was be tragic. >> she is worried budget cuts would hurt food safety inspection. that's mattered to her since her twins her born in 1999. she and her babies got listeria...
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Nov 10, 2012
11/12
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the fiscal cliff and spending cuts will wreak havoc. spending cuts would take $1.2 trillion over ten years, 100 billion in the first year. >> these are big cuts, ten to 14% in programs, a quarter of the way through their fiscal year. that's bad policy and dangerous. >> the biggest stumbling block is tax increases. everyone wants to extend the bush tax cuts for those making less than 250,000 a year. the president, however, wants to raise taxes on those making more, and add other taxes to boot. some analysts argue that would crush small businesses which create two-thirds of all jobs. >> the tax increases that president obama has fought for would actually increase taxes on small businesses by about $50 billion a year going forward. >> in 2010 when the economy was growing at 2.3%, president obama extended all the tax cuts, saying the economy was too weak to digest a tax increase. now the economy is growing at only 2%, but mr. obama is forging ahead and senator reid argues he got a mandate to do so. >> the president campaigned around the cou
the fiscal cliff and spending cuts will wreak havoc. spending cuts would take $1.2 trillion over ten years, 100 billion in the first year. >> these are big cuts, ten to 14% in programs, a quarter of the way through their fiscal year. that's bad policy and dangerous. >> the biggest stumbling block is tax increases. everyone wants to extend the bush tax cuts for those making less than 250,000 a year. the president, however, wants to raise taxes on those making more, and add other...
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Dec 20, 2012
12/12
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cliff but the president will veto it. that is going well. where it stands on the battle over taxes and spending. a deadly winter storm system. whiteout conditions state after state leaving hundreds of thousands of people without power from the rockies to the gulf of mexico. it is creating a travel nightmare ahead of the holiday weekend. >> you do realize it is the last day of the world, right? the last day of the world. enjoy it. thank you, mayans. that is ahead unless breaking news changes everything. this is "studio b" today. but first from fox at 3:00 in new york city, the state department learned painful lessons from the attack on the consulate in benghazi, libya. it has to do better. that is what the deputy secretary of state said at hearings on capitol hill. >> we owe it to our colleagues who lost their lives in benghazi, to the security professionals who acted with extraordinary heroism trying to protect them and we owe it to thousands of colleagues serving america with great dedication each day at posts around the
cliff but the president will veto it. that is going well. where it stands on the battle over taxes and spending. a deadly winter storm system. whiteout conditions state after state leaving hundreds of thousands of people without power from the rockies to the gulf of mexico. it is creating a travel nightmare ahead of the holiday weekend. >> you do realize it is the last day of the world, right? the last day of the world. enjoy it. thank you, mayans. that is ahead unless breaking news...
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Nov 9, 2012
11/12
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cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending. >> reporter: and republicans may have to raise taxes on the wealthy. conservatives say that's not what house speaker john boehner meant this week when he signalled his party is open to creating new revenue. >> boehner's position is exactly where it was a year ago, two years ago, four years ago. don't raise taxes, have pro economic growth and government will get more revenue. >> reporter: boehner also speaks today. >> what we have to watch for is whether the speaker and the president are on entirely different planets. >> reporter: but a fiscal truce won't calm wall street. >> it will create uncertainty going forward until everything is determined in the new congress. >> reporter: thursday the congressional budget office predicted if congress doesn't act, unemployment could hit 9.1% ne
cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending. >> reporter: and republicans may have to raise taxes on the wealthy. conservatives say that's not what house speaker john boehner meant this week when he signalled his...
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Dec 25, 2012
12/12
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tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the f
tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate...
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Jul 22, 2012
07/12
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>> the fiscal cliff includes both the spending reductions -- >> i'm talking about just the spending piece. it's hard for me to believe -- >> a smaller fiscal contraction will have a smaller effect. but i don't want to make a judgment i realize it's very contentious taxes versus spending i don't want to get into that. but clearly a smaller reduction in fiscal position would have less effect on the economy than a larger one. >> but as we look at the economy -- would you not also say that the best thing we could do to stimulate the economy including any actions that that might take is for us to have real fiscal, real balanced fiscal reform? is that not the thing that would cause our economy to take off more than anything else and alleviate the uncertainty that people have that the investing community? >> fiscal reform is very important not only the control of deficits over the long period, but also the quality of fiscal policy. what are we spending our money on? what does the tax code look like? but i think the way the current law is written we have the maximum impact right in the very short
>> the fiscal cliff includes both the spending reductions -- >> i'm talking about just the spending piece. it's hard for me to believe -- >> a smaller fiscal contraction will have a smaller effect. but i don't want to make a judgment i realize it's very contentious taxes versus spending i don't want to get into that. but clearly a smaller reduction in fiscal position would have less effect on the economy than a larger one. >> but as we look at the economy -- would you...
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Dec 18, 2012
12/12
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with the fiscal cliff looming, president obama and barack obama; obama and house speaker boehner i should say continue to fight tooth and nail over how best to avert the automattic tax hikes and spending cuts that would go in effect, exactly two weeks from tonight. we have team fox coverage tonight with chief political correspondent carl cameron on capitol hill, where the house is set to vote on what speaker boehner calls a plan "b." but we start and you have may have seen him with the chief washington correspondent ed henry where obama insists he moved more than halfway to meet boehner. >> megyn: the democrats have given a lot to boehner and they are not ready to give more. top advisor telling me the white house believes the negotiation took a step back today. speaker boehner said it's time for a backup plan. >> our plan "b" is protect taxpayers making $1 million or less and have current rates extended. >> there there is little chance of passible in the senate. the democrats say if goalposts is getting moved. >> take the football and charlie brown episode. they jerk it away. >> 15 months
with the fiscal cliff looming, president obama and barack obama; obama and house speaker boehner i should say continue to fight tooth and nail over how best to avert the automattic tax hikes and spending cuts that would go in effect, exactly two weeks from tonight. we have team fox coverage tonight with chief political correspondent carl cameron on capitol hill, where the house is set to vote on what speaker boehner calls a plan "b." but we start and you have may have seen him with...
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Dec 21, 2012
12/12
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the fiscal cliff issues and all of a sudden, no spending, but he wants another $twenty1 trillion in revenue. our constituents have been saying to us, do not vote for this. do not support it. when i had a teletown hall with my constituent, 86% said this is a spending problem, do not increase revenues and not cut spending. the time has come where you can no longer spend more. you have to make certain you're taxing less and spending less. >> sean: i really would like to see congressman west, one thing. i would like to see the republican party be the party of limited government, lower taxes and the party that stands up against generational theft. this seems to be a very strong case to make and the american people voted for a republican congress. and they voted for divided government. can that case be made? >> i think absolutely. if there is a lesson from the november 6 election, sure, the president was re-elected to be in the white house. but we were saw that marcia blackburn and the conservatives and the republican party will be in control of the 113 congress in the house of representa
the fiscal cliff issues and all of a sudden, no spending, but he wants another $twenty1 trillion in revenue. our constituents have been saying to us, do not vote for this. do not support it. when i had a teletown hall with my constituent, 86% said this is a spending problem, do not increase revenues and not cut spending. the time has come where you can no longer spend more. you have to make certain you're taxing less and spending less. >> sean: i really would like to see congressman west,...
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Dec 23, 2012
12/12
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uncertainty over the fiscal cliff is affecting how much consumers are spending. still, retail analysts say holiday sales are on track to rise 4.1% to $586 billion, the most optimistic forecast since the recession. now, a lot of those products, the most popular topping the list this year, alex, all the apple products, of course clothing, toys, luxury items on the list. finding them may be a little bit difficult, but certainly stores say they're still refreshing that inventory even now. >> okay. michelle franzen, enjoy. happy shopping. i know you're doing some out there. no worries. >> reporter: oh, no, no. >> yeah. online shopping leads our list of number ones. last week cybershoppers spent more than $7 billion, the most ever shelled out in one week. investors in us airways say it's been a very good year. cnn money named us airways the stock of the year. that share price is up 165% year to date. you may have heard the price of milk could soon double. that's if congress does not agree on extending current dairy subsidies. that could have the biggest impact on farme
uncertainty over the fiscal cliff is affecting how much consumers are spending. still, retail analysts say holiday sales are on track to rise 4.1% to $586 billion, the most optimistic forecast since the recession. now, a lot of those products, the most popular topping the list this year, alex, all the apple products, of course clothing, toys, luxury items on the list. finding them may be a little bit difficult, but certainly stores say they're still refreshing that inventory even now. >>...